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The financial year (FY) is about to start!
Yap!
It's the budget season allover!
Why saying it sarcastically?
Am sounding so?
Tell me your reasons.
U won't have that much spare time.
Try me!
Oops the whole nation is trying each other but..........
What do u mean by saying ..."but"..?
I do not want to say "trying but in vain .......though......
Again u have not completed your sentence. I do not want to say 'though it's a reality".
Come on!
Why so upset?
U would b if u r in the habit of reading newspapers.
Not again!
I told u my reasons for not reading the stuff. Anyways tell me what is bothering u?
The government has decided to allocate Rs 270 billion for federal Public Sector Development Programme (PSDP) for 2006-07.
That's a good news I suppose.
What are the priority areas?
Completion of water projects.
Great!
How much allocation the mega dams got?
Five mega dams need to be completed by 2010. Rs 10 billion proposed for land acquisition.
Good!
Any news on front of political census in this regard.
Talk something else!
Ok!
How much on health?
Allocation for health sector has been increased by 20 percent
In financial terms not inflation adjusted?
U r right.
Talk about something else.
Ok!
What latest on political front?
Oh! Don't ask please.
U know am out of country.
Still abroad?
Yap!
How could u make such a long distance call?
My friend it's all about calling cards. U can talk 70 minutes for a 10 dollar card.
Really?
It's a competitive world, if u bargain can get 10 dollar card for eight and a half.
Great!
Our government has also realised the importance of competition.
Meaning?
They are shifting emphasis to competition from monopoly.
R u trying to refer to something specific?
Yap!
The competition commission is to replace monopoly control authority.
Meaning?
Adviser to Prime Minister on Finance announced here on Monday that the Monopoly Control Authority (MCA) was being transformed into a 'Competition Commission'.
Since when?
It would be effective from the fiscal year 2006-07.
And what do it supposed to do, my dear?
"The Competition Commission is aimed at promoting competition in various sector
s of the economy and will have legal authority and teeth so that when it acts, it makes a difference," the adviser said.
So it will have teeth and authority both?
Sounds so!
And on the other hand we see mergers and acquisition promoting monopoly.
It's a different set of games.
Ok.
We r also planning to have accurate data about the country's economy.
Meaning!
U admit that up till now our economic data was short of being accurate!
Come on!
It did not mean like that!
Ok!
Tell me, since when we will b sure of having accurate data on our economic fronts.
Its was announced that 'Pakistan Statistical Authority' will be established in the first month of next financial year.
By the way, who made that milestone announcement?
Why u say mile stone?
Becz the international authorities had been pointing out flaws in our economic data and we had been whemently denying them.
Yap!
U have not told me who thought of establishing the authority for accurate data?
The Adviser to Prime Minister on Finance.
Oh no!
What happened?
Nothing, just wondering, that he took so long to realise the importance of accurate economic data.

Copyright Business Recorder, 2006

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